Norwegian Cruise Line Holdings now says it expects to earn $1.18-$1.2 billion in 2019, up from the previous forecast.

The increased projection, made on May 9 as NCLH disclosed its first-quarter financial results, applies to earnings adjusted for several items such as noncash deferred compensation expenses, amortization of intangible assets and redeployment costs for the Norwegian Joy.

The adjustments can be substantial.

For example, for the first quarter of 2019, NCLH had net income of $118.2 million, up from $103.2 million the previous year. After adjustment, the figures were $181.8 million and $137.8 million.